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Past Month Shows EPS Estimates Down for Yamana Gold (USA)

This article is more than 8 years old.

Expectations have dropped for Yamana Gold (USA)'s first quarter results in the month leading up to the company's earnings announcement slated for Tuesday, April 28, 2015. The consensus analyst estimate has dropped from two cents a share to the current estimate of earnings of zero cents a share.

The consensus estimate has fallen over the past three months, from four cents. Analysts are expecting earnings of eight cents per share for the fiscal year. Revenue is expected to be $482.2 million for the quarter, 36% higher than the year-earlier total of $353.9 million. For the year, revenue is expected to come in at $2.05 billion.

Revenue has seen growth for three consecutive quarters. In the fourth quarter, revenue rose 50% to $529.2 million while the figure rose 10% in the third quarter from the year earlier and 5% in the second quarter.

The majority of analysts (62%) rate Yamana Gold as a buy. This compares favorably to the analyst ratings of six similar companies, which average 39% buys.

Yamana Gold is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Chile, Argentina, Mexico, and Colombia. Barrick Gold, also in the gold and silver industry, will report earnings on Monday, April 27, 2015. Other companies in the gold and silver industry with upcoming earnings release dates include: Goldcorp, Kinross Gold and Seabridge Gold.

Earnings estimates provided by Zacks.

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